Royal Dutch Shell has agreed to a settlement with residents of the affected community, after two oil spills in 2008 devastated their livelihoods. Read more »
The release date of the missing oil funds report has passed and the opposition All Progressives Congress says it is an attempt by the government to sweep the matter under the ... Read more »
The government has extended the deadline for countries to submit bids for the fifth hydrocarbon licensing round which was launched in Maputo and London in October 2014. Read more »
The oil workers' industrial action was in protest against several unresolved issues with the government, among which are unfair labour practices and non-passage of the Petroleum ... Read more »
The indefinite nationwide strike is to protest against the inability of the government to carry out Turn Around Maintenance of the refineries - and reduce pump prices of petroleum ... Read more »
Some banks in Nigeria have accounted for about U.S.$2.5 billion used by local independent firms to acquire assets during the divestment of onshore assets by Shell Petroleum ... Read more »
Following the increasing decline in the nation's external reserves, rising demand for foreign exchange occasioned by foreign investors divesting from the country in response to the ... Read more »
Julius Berger Nigeria Plc has emerged as the preferred bidder to build General Electric's multi modal manufacturing and Assembly facility in Calabar Nigeria. The project is ... Read more »
Diezani Alison-Madueke is expected to hold the post for one year, and to assume the position immediately. Read more »
Governor of Lagos State Babatunde Fashola says the recent developments in the country is forcing state governments to source internally generated revenue. Read more »
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